We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Finance -not seen this before ??
Options

Checkcheck2016
Posts: 4 Newbie
Hi
I'm a newbie so apologies if I get anything wrong, ok here's my question, two years ago I took out a finance deal to get a car, I suspect that the price of the car I was buying was 'inflated' to enable me to get the finance and cover my negative equity, because what I'm paying is way over the odds for my car and I simply can't afford it now due to a change of circumstances, I've been told that if this has happened I can 'pull out of the agreement' but how can I check if this was done in the first place and how do I go about cancelling the deal ?
I hope this makes sense I've tried to keep this simple, just one more point to make the deal was done through a car dealership group, so not a little 'back street garage'
I hope someone can help, thank you
I'm a newbie so apologies if I get anything wrong, ok here's my question, two years ago I took out a finance deal to get a car, I suspect that the price of the car I was buying was 'inflated' to enable me to get the finance and cover my negative equity, because what I'm paying is way over the odds for my car and I simply can't afford it now due to a change of circumstances, I've been told that if this has happened I can 'pull out of the agreement' but how can I check if this was done in the first place and how do I go about cancelling the deal ?
I hope this makes sense I've tried to keep this simple, just one more point to make the deal was done through a car dealership group, so not a little 'back street garage'
I hope someone can help, thank you
0
Comments
-
There's no right to pull out of a finance agreement because you agreed to pay more than you think the car is worth.0
-
Checkcheck2016 wrote: »I suspect that the price of the car I was buying was 'inflated' to enable me to get the finance and cover my negative equity, because what I'm paying is way over the odds for my car and I simply can't afford it now due to a change of circumstances, I've been told that if this has happened I can 'pull out of the agreement'
Take issue with whoever gave you this "information" and quickly seek debt help if you are struggling to pay.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards